The Carpetbagger Report:More bad news for the economy

More bad news for the economy

Posted 11:00 am

Remember all that talk from Bush, late in the campaign, about how his tax cuts had finally started producing a strong job market? Well, forget it.

Payroll growth across the country was sluggish in March as employers added just 110,000 jobs, the fewest since July. Nevertheless, the soft labor market accommodated enough people to drop the unemployment rate to 5.2 percent.

The new figures, released by the Labor Department Friday, offered another mixed picture of America’s hiring climate. The job market has been the sector of the economy that has been among the slowest to recover from the last recession.